Understanding and planning fiscal residency and Spanish tax is a very important when making the transition to become a resident in Spain. Tax in Spain is very different to the UK, and has become even more complicated since the UK left the EU as the way certain types of income are treated changed.
Here we provide an overview of the tax related requirements and key points that most need to consider when becoming a Spanish resident.
We first published this article in February last year. At that time Brexit had finally just ‘been done’, and the transition period begun. Through 2019 and 2020 unprecedented numbers of British nationals formally registered as resident in Spain to secure their residency rights under the Withdrawal Agreement. The numbers of residency applications spiked in the last months of 2020. Immigration reported receiving many thousands of last minute applications in December alone.
This year we’ve been receiving a lot of queries this year relating to Spanish residency and tax in Spain. For many it seems, the main priority was getting residency with the consideration of tax, put to one side on in some cases completely overlooked.
So we’ve refreshed and republished this article, and it will hopefully provide answers to most general questions that you may have about tax in Spain, if you’ve recently taken up residency in Spain.
